In the circular flow model when the level of savings is higher than the level of investment, the: Economy is in equilibrium National level of income is increased Firms level of production decreased Economy expands
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- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? _________% larger Germany? ________% largerUse the bar graph from the World View: "Comparative Output (GDP)" to answer one question. 18.0 2015 Gross Domestic Product GDP) in tlons of US. dolars) 110 0.00 01 06 Ha Eeiopie Meice Russie Soun Kores Araba Ortain Gemany Japen China United States If 150 million workers produced America's GDP in 2015, using the bar graph, how much output did the average worker produce? Instructions: Enter your response as a whole number. $In two sectoral economy reflect if the revenues generated by one sector are equal to the expenditures of the other sector using circular flow diagram.
- Refer to the figure below and assume that the values for points a, b, and c(the combined value of consumer goods and capital goods) are $10 billion, $20 billion, and $14 billion, respectively. The Macroeconomy Capital goods PPF₂ PPP, Consumer goods Instructions: Enter your answers as a whole number. a. If the economy moves from point to point bover a 2-year period, what must have been its annual rate of economic growth? percent b. If, instead, the economy was at point c at the end of the 2-year period, by what percentage did it fall short of its production capacity? 30 percentExplain the role of macroeconomic policies in achieving the macroeconomic goals of a countryQ.7.2 Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: COMPONΕNT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the 300 world Foreign payment from the rest of the 250 world Show all calculations and formulae. Calculate the value of the country's GDE (Gross Domestic Expenditure).
- Q.7.2 Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: COMPONENT R millions Consumption expenditure (C) Investment (I) 9 000 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the 300 world Foreign payment from the rest of the 250 world Q.7.2.4 If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020. Q.7.2.5 The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.Q2. From the given three sector-model find out C = 25 + 6Y2 1 16, G 14 i. National income ii. Consumption SavingsWhich of the following statements about the circular flow model is false? Business firms buy goods and services from the household sector. Households supply resources to the business sector Businesses supply goods and services to the household sector. Consumers earn income by selling resources they own to businesses.
- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: 21.43 14.34 5.08 United China Japan States b. Russia? % larger Copyright © McGraw Hill LLC. Permission required for reproduction or display. GROSS DOMESTIC PRODUCT (in U.S. $ trillion) % larger 3.86 2.87 2.83 1.70 1.27 Germany India Great Britain Russia Mexico Source: Gross Domestic Product 2020. The World Bank Group, March 2021 0.53 Sweden Instructions: Round your responses to the nearest whole number. a. Germany? 0.21 Greece 0.01 HaitiRefer to the figure below and assume that the values for points a, b, and c (the combined value of consumer goods and capital goods) are $20 billion, $40 billion, and $36 billion, respectively. The Macroeconomy PPF2 PPF, b Consumer goods Instructions: Enter your answers as a whole number. a. If the economy moves from point a to point b over a 10-year period, what must have been its annual rate of economic growth? percent b. If, instead, the economy was at point cat the end of the 10-year period, by what percentage did it fall short of its production сараcity? percent Capital goodsrelationships between total production, total income and total spending?
